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Sandra Yaneth
Sandra, 32 years old, is a single mother who lives with her 2 children, aged 3 and 13. She has passed through difficult moments because she never had the help of the father of her children. And due to the lack of work opportunities, she lacked many necessities. This motivated her to initiate her own business. Sandra began selling natural juices and fried foods (several kinds of buns, including chicken, and stuffed potatoes). She began experimentally and, little by little, she acquired the ability to offer good service to her customers. Thus she managed to obtain the money needed for her family's daily support.

Sandra is an enterprising and determined woman who pushes ahead conscientiously to offer her children economic stability. For this reason, she works long days, opening her stall at 6:00 am and closing it at 7:00 at night.

With the loan Sandra requests, she intends to purchase a coffee maker and a selection of stuffed buns, pastries, and stuffed potatoes. She wants to offer a greater variety of products and satisfy the needs and likes of her customers who transit the location. Thus she will have a better opportunity of improving her income and achieving her dream of having her own shop, where customers can be more comfortable. And with this, she will be able to offer a better education to her children and improve the quality of life for all.
View original language description ↓
Sandra, con 32 años de edad, es madre soltera, cabeza de familia, vive con sus dos hijos de 3 y 13 años. Ha pasado por momentos difíciles debido a que nunca tuvo el apoyo del padre de los niños y, por falta de oportunidades laborales pasó por muchas necesidades; esto la motivó a iniciar su propio negocio y montó una venta de jugos naturales y alimentos fritos (pasteles de pollo, empanadas, papas), actividad que comenzó de una forma empírica y poco a poco fue adquiriendo habilidad para atender bien a sus clientes, es así como obtiene el dinero para llevar el sustento diario a su hogar. Sandra es una mujer emprendedora y luchadora, se esfuerza con esmero para brindarle a sus hijos una estabilidad económica, por eso trabaja largas jornadas, abre su puesto de trabajo desde las 6:00 de la mañana y lo cierra a las 7:00 de la noche. Con el crédito que solicita desea comprar una greca (cafetera) y surtido (empanadas, pasteles, papa rellena) con el fin de ofrecer más variedad de productos y satisfacer las necesidades y gustos de los clientes que transitan por el lugar, así tendrá la oportunidad de mejorar sus ingresos y cumplir el sueño de tener un local propio, donde los clientes estén más cómodos, con esto podrá ofrecer una mejor educación a sus hijos y mejorar la calidad de vida de todos.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $6,070
    Average annual income
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,617,225
    Funds lent in using Kiva
  • 1,885.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Sandra Yaneth buy a coffee maker and a selection of stuffed buns, pastries, and stuffed potatoes to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013